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KapStone Paper and Packaging
Corporation
KS ("KapStone") received a notice of a work stoppage from
the union at its Longview, Washington mill, AWPPW Local 153 (the "Union"),
effective on August 27, 2015. KapStone has been preparing for a potential
strike since the Union voted down its prior offers. KapStone is conducting a
cold mill outage to perform necessary maintenance to its machines and has full
contingency plans in place to continue to service its customers during the
strike. After the maintenance outage, KapStone plans to run its largest
machine early next week, with subsequent machine operation to follow. KapStone
does not expect any interruption of service or products to its customers.
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